XML 41 R30.htm IDEA: XBRL DOCUMENT v3.23.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Future Minimum Rent to Lessor from Operating Leases
Future rent to be received from the Company's investments in real estate assets under the terms of non-cancellable operating leases in effect as of September 30, 2023, for the period ending December 31, 2023, and for each of the next four years ending December 31, and thereafter, are as follows (amounts in thousands):

September 30, 2023
Period ending December 31, 2023$44,254 
2024178,522 
2025174,706 
2026169,052 
2027165,342 
Thereafter990,386 
Total$1,722,262 
Schedule of Future Minimum Rent from Lessee for Operating Leases
The future rent payments, discounted by the Company's IBRs, under non-cancellable operating leases in effect as of September 30, 2023, for the period ending December 31, 2023, and for each of the next four years ending December 31 and thereafter, are as follows (amounts in thousands):
September 30, 2023
Period ending December 31, 2023$671 
20242,746 
20252,768 
20262,715 
20272,681 
Thereafter107,456 
Total undiscounted rental payments119,037 
Less imputed interest(77,777)
Total lease liabilities$41,260 
Schedule of Lease Cost
The following table provides details of the Company's total lease costs for the three and nine months ended September 30, 2023 and 2022 (amounts in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
Location in Condensed Consolidated Statements of Comprehensive Income2023202220232022
Operating lease costs:
Ground lease costs (1)
Rental expenses$682 $615 $2,045 $1,562 
Corporate operating lease costsGeneral and administrative expenses175 182 551 559 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$166 $135 $564 $354 
(1)The Company receives reimbursements from tenants for certain operating ground leases, which are recorded as rental revenue in the accompanying condensed consolidated statements of comprehensive income.